Shipping Can Contribute 5% To GDP Yearly – Jamoh       Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said that a developed shipping industry has potential to contribute about five percent to the nation’s economy. Jamoh disclosed this in Lagos when he...

Concerns Over $17bn Annual Freight Loss To Foreign Shipping Lines         Stakeholders in the maritime industry have expressed displeasure over the yearly $17 billion revenue loss to foreign ship owners due to the inability of the country to lift her cargoes. According to shipping experts and economists,...

FG Considers Tax Holiday For Maritime Sector       The Federal Ministry of Transportation is seeking a package of tax incentives to stimulate investment and boost activities in the maritime industry, amid the downturn induced by COVID-19. Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh,...

Nigeria, Korea To Deepen Ties On Shipping Development     Nigeria and South Korea have both agreed to intensify their collaboration in trade and shipping development. The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, made this disclosure on Thursday at a meeting...

NIMASA, Customs Move To Curb Temporary Import Permit Abuse   The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigeria Customs Service (NCS) have agreed to join forces to check the abuse of Temporary Importation Permit (TIP) to curb the loss of accruable revenue from...

N50bn Floating Dock To Begin Operations In July     Barring unforeseen circumstances, the N50 billion floating dry dock owned by the Nigerian Maritime Administration and Safety Agency (NIMASA), will begin operations by next month. NIMASA had on June 11, 2018, taken delivery of the floating dock, which...